“Vantria has been adversely affected by the decline in the real estate market, loan defaults and bankruptcies, as well as the increased burden of an evolving regulatory environment,” said Patricia Malatesta, Vantria CEO/president.

Since 2008, Vantria has lost $5.7 million, according to NCUA financial performance reports. The credit union’s net worth is 3.8%. Vantria’s membership has also declined from 9,440 in December 2008 to 7,842 in December 2012.

Apple FCU said it will provide jobs for Vantria’s 13 employees and keep its sole branch open.

“Apple will benefit from a larger member base and a slightly broader branch network, resulting in greater convenience for members of both credit unions,” said Larry Kelly, CEO/president of Apple FCU.